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2021 Year-End South Carolina Construction Trends Report

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Material Availability and Cost Escalation Challenges Continue

Key Takeaways

  • $3.75B of construction was started in key sectors during 2021, an increase of almost $1B compared to 2020.  Construction lending patterns and architectural billings suggest growth will continue.
  • Pervasive material pricing volatility,  increasing construction starts and supply chain pressures resulted in a noticeable increase in construction pricing during 2021.  Suppliers of some products were at times not holding pricing commitments and/or lead times resulting in construction delays and cost increases. These realities will likely continue to exert upward pricing pressure and uncertainty in 2022.

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2021 Year-End South Carolina Construction Trends Report

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Related Experts

Mickey Layden

Exec. Vice President | South Carolina & President | LCK

Columbia

I am President/CEO of LCK, the project management partner of Colliers | South Carolina. Founded in 1994, LCK is a certified woman-owned business that serves clients throughout the state through a regional network of offices in Greenville, Spartanburg, Columbia, and Charleston.

I also serve as Executive Vice President and Principal of Colliers | South Carolina, with executive leadership responsibility for the firm’s Real Estate Management Services division. The REMS staff of nearly 55 property management and maintenance professionals manages over 16 million square feet of space statewide. 

I have been fortunate to assemble a great team of project management professionals within LCK and together we leverage collective backgrounds in engineering, facilities management, construction and financial modeling to offer a comprehensive service.

My primary focus within both Colliers and LCK is business development, consulting, advisory services and strategic planning.

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Dale Stigamier

Senior Vice President

Columbia

My background is in institutional real estate development and construction, and I have a diverse range of experience in commercial development, asset management, property management and market/feasibility analysis. 

At LCK, my role is to collaborate with clients and our project management team and provide a unique perspective for your project.

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